here's your five at 5:00 the faa dpubling down on boeing's 737 max 8 aircraft as more nations ground the plane. the latest on this developing story. that's coming up straight ahead.

>> it is wednesday, march 13th, 2019 worldwide exchange begins right now. good morning, and welcome to worldwide exchange brian sullivan is on assignment. we'll hear from him later on in the show you're seeing a live look at the u.k. parliament where lawmakers will hold another key brexit video today. we'll take you live to london with more. that's coming up first, let's get a quick check on the early market action futures right now showing stability. you see the s&p up by about two points the dow jones up by four the nasdaq up by 11. as for the asian trade, a little more pessimism there overnight as concerns about brexit permanentate through the markets. the fenikkei japan off by a percent. the shanghai composite off by

1% dax and germany off by .1% the ftse 100, the u.k. flat as well now, sticking with europe, the u.k. holding another major brexit vote today. lawmakers will decide if they want to leave the european union in just 16 days from now without a deal this after the u.k. parliament overwhelmingly shot down prime minister theresa may's last ditch proposal for an exit plan. let's bring in steve sdgewick live with more take us through the details. what does this vote mean, and what is next >> great to be with you. as we explained this time yesterday, people begin to worry that actually what mrs. may had achieved in straussburg will not the guarantees that the british people, the northern irish people could not be with an eternal backstop with the

republic of ireland and with the rest of the e.u. as well then when we got what's called the cheap legal option in the u.k., the attorney general's view, and he confirmed that actually, yes, he did not eliminate that risk, and then once thereafter, we kind of knew that mrs. may would lose the vote she lost the same vote pretty much on the same deal on january 15th by a record british history parliame parliame parliamentarian majority ever. that was 230 this time she only lost about 145. it's still the fourth largest ever as well a hunl day again today there's another vote which supposedly, and i say supposedly, we take no deal brexit off the table between parliamentarian. they know they don't want to leave the e.u. on march 29th without the deal matter of fact, both goes according to what people think today, and that no deal scenario will be off the table from the

british parliamentarians point of view, and it doesn't mean thos that the next vote, and i know this gets complicated, which is tomorrow, that extension of the article wouldn't necessarily leave the e.u. on march 29 that one will go ahead now, the british can ask for an extension potentially, but will the europeans let them have it, and the question is if europeans don't, we still have a no deal brexit on march 29th very complicated great comments as well for the leading brexiteer. that's coming up later on. steve, can you kind of bring us an idea of just what we should be expecting? are there foels out in the u.k. either on the lawmakering side of things or on the technocratic, the central bank side of things as well, that have real concerns about what this means is this becoming the death by 1,000 cuts at this point >> it's funny you should say that i just been speaking about one of the most well known economists in the u.k. he is a man who blooefds that actually getting out of the e.u. with a no deal isn't a dreadful

sight. we were just talking about the relationship between the united states and the united kingdom, between who there isn't a big treaty, and we have a vast amount of daily trade going on he doesn't see it as a disaster at all he says we can go forth and treat a lot of trade deals with the rest of the world. that isn't the view of the remainors of the pro europeans who think it's danling to not have a very big deal with our closest trading partner, which is, of course, the e.u. as well. at around about a half a percent over the last month or month there are two great divergent

views. there is no consensus that anything at all from the parliamentarians, and i'm afraid debacle, this crisis, this chaos will continue. >> steve, lay out some of the economic projections, the forecasts for what's happening right now with brexit. does that concur with what your view is? are we seeing the impacts really felt by the u.k. economy? >> we can't escape the fact that growth in u.k. is very weak. the key story here is one of business investment. business investment is declining by around 4% year-on-year in the u.k., and that has had a

significant drag on the economy overall. looking ahead, you know, okay, we've got parliament it's all pointing to some form of extension to article 50 and a dee delay to the process as an economist, my big concern is that a delay just means further uncertainty, and that's not going to help the economy in the short-term >> so as an economyist, we oftentimes talk about capital spending and investment expenditures in the context of sentiment. you mentioned the idea that we are kind of dragging things on a bit. is that weighing on sentiment, and is that having the most impact on what's happening with the economic projections for the u.k. going forward >> well, the sentiment aspect is clearly something that is being hit here, and it's not just business investment. it's consumer confidence as well you know, this household down in the united kingdom, 16 days away from the supposed brexit date. we've got an idea what the future relationship is going to look like.

now, the impact has been to see more in the investment side. the business investment has been shrinking by around 4% year-on-year, but there's clearly some signs that this poor sentiment is flowing over into household spending decisions as well. the longer this continues. it's very hard to become optimistic on the growth outlook in the near term >> we do know that the place where this is playing out front and center in the marketplace is in sterling versus the u.s. dollar as we take a look at how sterling reacts, we have been pretty range-bound now for months what exactly is the balfour risk reward here with sterling? we're kind of in this middle ground are we expecting more down side because of the prolonged nature of the brexit negotiations >> my sense is what we're seeing with the current pricing of

sterling is a market that just doesn't know what direction we're heading. in our view, if the u.k. can agree to a deal with the european union and you move on to a transition agreement, we would expect to see sterling strengthen somewhere to around 140 against the u.s. dollar in 12 months. if a deal doesn't come through and the u.k. were to exit the no deal, we could easily see cable below -- what we're seeing range-bound -- >> it seems pretty even right now. >> thank you very much for those thoughts on brexit and sterling as well. we appreciate them we are continuing to follow the latest developments on boeing as well the stock suffering its worst two-day loss in a decade the faa weighing in again on the safety of the boeing 737 max 8 model plane. let's get straight to kate rogers with the details on boeing >> good morning. the faa's acting administminist

issuing a statement late yesterday saying a review of the boeing 737 max has shown no basis to ground the aircraft following the second did deadly crash in the past six months daniel also says no other aviation authorities have warranted the faa taking any action at this time. he says if any -- the airworthy of the aircraft are identified, it the faa will take immediate and appropriate action u.s. secretary of transportation is resisting calls to ground the plane unlessit's determined they are not safe to fly chow even flew on a boeing 737 max 8 jet from austin, texas, to washington yesterday afternoon boeing confirms ceo dennis mullenberg spoke with president trump by phone yesterday assuring him that the max 8 is safe that's after the president tweeted that planes are becoming far too complex to fly boeing wouldn't provide more details on their conversation. hong kong is the latest to ban

the 737 max from its airspace until further notice roughly, two-thirds of the boeing aircraft in the world have now been pulled from use, but the three major u.s. carriers that fly the plane, american, swus southwest, and downietd, are all -- >> kate rogers, thank you for that update on boeing. still ahead on the show, a rare exclusive on energy the petroleum ceo going on the record with cnbc we'll find out where she sees oil prices that's coming up plus, brian sullivan sitting down exclusively with secretary of state mike pompeo and energy secretary rick perry what they had to say about china, iran, and venezuela that's sure to get some attention today. we'll bring you that big interview. that's coming up first, a big bearish call on your money why bond king jeff gundlach is raising tflag on the recent rally.

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turnaround jeff gundlach is raising the stock market overall. he says the stock market was and still is in a bear market. he also says stocks could go negative again in 2019 he credits the market rebound to the 180 degree turn from the fed. now, swifrping gears to oil, you see the prices there as well wti crude up about a percent $57.40 the last trade there. big energy is the big focus in houston this week the world's top players in the energy market are there by ihs market brian sullivan caught up with the oxidental petroleum. she asked -- he asked her about the company's growth in the permian basin, and here's what she said >> we planned in advance to make sure that we have the capability

to provide the services. >> do you really have to be big in the permian we've spoken to small and midsize producers who compete so hard for some of those basic resources. like a truck driver or frack is it better to be bigger there today? >> scale is important. scale is important for the shell play because you really need the infrastructure you need to have wherever you are the water infrastructure, the gas, the oil, so if you are really small, it's difficult to make the most out of what you have scale is important logistics is important having a concentrated business or contiguous acreage is also vital to making the most out of the assets that you have if you are a small player and

you have limited acreage, it's difficult to do that there are a lot of medium size companies in the permian that are doing quite well we are doing really well because we have both our enhanced oil recovery business, and our shale business the combination of the two of them provides us not only the infrastructure, but the sin erj -- synergies >> are the prices too high right now? >> we don't need to buy anything to grow in the permian basin because of our position. we're the largin land holder, i believe, of quality acreage of the permian basin. we don't have to buy anything to grow when we buy something, it's really just to continue to improve our synergies. if you are trying do buy -- >> there's so much talk this year about the green new deal of climate change, as there should be can the oil and gas company really be involved in that

conversation as many people would say, don't pretend. your oil and gas, petroleum needs to go away how do you count for the critics who say you can't even be a part of the conversation? >> so we were a part of driving some legislation that will now make it possible to take co2 from industrial sources and either store it or use it, and the important aspect of that for us is in a we are the largest handler of co2 for enhanced recovery in the orld we're perfectly positioned to take co2 from industrial sources and use it in our enhanced oil recovery projects in the permian. by doing that it's a win-win for our shareholders in that we make money on that. it's commercial for us and this is going to be not only as i said our shareholders, but we intend to expand this not

just from in the permian, but through all of the other areas that we operate. >> we'll have more coming your way, including brian's exclusive sitdown interview with secretary of state mike pompeo and energy secretary rick perry we'll bring you that interview, that big one in about 15 minutes from now up next on the show, rite aid shares are soaring on news of a big shake up those details straight ahead also, later on fire up the time machine. the stock market just did something it has not done since this song was topping the charts we'll tell you what it is when worldwide exchange comes back after this ♪ ♪ dear tech... let's talk. we have a pretty good relationship. you've done a lot of good for the world. but i feel like you have the potential to do so much more. can we build ai without bias? how can we bake security into everything we do? we need tech that helps people understand each other. that understands my business. we've got some work to do...

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shipsticks.com saves you time and money. make it simple. make it ship sticks. . 5:21 a.m. eastern time lots of stuff happening in washington d.c. these days welcome back to worldwide exchange i'm dominic chu. here's a check on the top movers shares of adidas, they are moving today the company says it expects some issues to hit its sales growth particularly in north america. adidas did manage to swing to a profit last quarter because it is also upping its dividend. the shares down by 4% in european trading rite aid is shaking up its top management the pharmacy chain's ceo is part of a plan for a leadership revamp

rite aid is also slashing 400 corporate positions. those shares up by 17% preplarkt. we're continuing to keep its eyes on shares following yesterday's big gains. the chinese social media company jumping 16% on tuesday following a big earnings boat. shares are higher again in early trade by just about 1.5% as well let's get a check on the morning's other headlines outside of business. nbc's frances riviera live from the newsroom with the latest >> hey, dom. good morning to you. a college admissions scandal ensnares top ceos and celebrities. desperate housewives star felicity huffman and full house star lori loughlin are among the four dozen people charged. it's the biggest case of college admissions fraud in u.s. history. the parents using their fame and wealth to get their kids into the country's most elite schools. the operation dubbed varsity blues is a bribery scheme involving college coaches and

university prep organizations who secured admission to unwitting colleges like yale, georgetown, stanford, and usc, among others president trump's former campaign chairman paul manafort will face sentencing today for the second time in less than a week this time for the conspiracy charges brought against him by robert mueller in a d.c. court he originally pled guilty as part of a deal with a special counsel, but the agreement fell apart after he was accused of lying. the judge could hand him up to ten years in prison today. last week a federal judge in virginia sentenced him to less than four years for bank and tax fraud. california governor gavin newsom is taking aim at capital punishment later today the governor is expected to sign a moratorium on the death penalty granting a reprieve for 700 inmates on death row. at least for now dom, back to you >> thank you very much, frances riviera for the news updates here coming up next on the show, a big brexit blow. u.k. prime minister theresa may suffering another crushing deal defeat we'll tell you what's next in

the brexit battle. plus, secretary of state mike pompeo blasting venezuela's nicolas maduro in an exclusive interview with cnbc. we'll bring you his comments when worldwide exchange returns righafr ist teth

doubling down the faa standing by boeing's 737 max 8 aircraft even as more nations ground that plaenl we have the latest on this big

developing story that's coming up straight ahead. a live look at the u.k. parliament where lawmakers will hold another critical brexit vote today we'll take you back to london live in just a bit and brian sullivan sitting down for a rare exclusive interview with secretary of state mike pompeo and energy secretary rick perry what they had to say about china, iran, and venezuela that's making big headlines today. it is wednesday, march 13th, 2019 you are watching worldwide exchange right here on cnbc. good morning, and welcome to worldwide exchange brian sullivan is on assignment. we'll hear from him in just a moment first, let's get a quick check on the futures market. things are stable right now. the dow indicated to open just up by about three points no movement really at all. the s&p 500 up by two points,

and the nasdaq up by just by nine we are also keeping a close eye on the british pound as u.k. lawmakers hold another critical brexit vote today. those pounds will cost you $1.31.39 in today's trade. they will decide if the u.k. should leave the european union in just 16 days from now without a brexit deal. today's vote comes after parliament overwhelmingly shot down prime minister theresa may's last ditch proposal for an exit plan. let's get back out to steve sedgewick live with more on those details. steve. >> thank you very much people actually say the prime minister was in a really bad way. i mean, philly you coulder that her voice. she spoke for hours, and she could barely get the words out she had such a terrible throat as well. she's not leaving a tougher day again today. she's got what's called pnq, parliamentary questions to the prime minister where she should stantd up for about 45 minutes and go through the minuta questions about the debacle. we've got a spring statement

from fill op hammond who is going to try and say, look, we've got all this money spent if indeed we get over the brexit hurdle if we can't, maybe -- there is a key vote on no deal brexit this is very important as well what it says is parliamentarians will most certainly vote on leaving the e.u. on the 29th of march. as you say, only 16 days away without a deal that will be the parliament's view of things, but what about the e.u. they could still say, you know what, we've had enough of you. we're actually not going to agree to let the british have an extension because you don't know what you want. you know what you don't want we've proved that yesterday by yet another near record defeat for the government and mrs. may's withdrawal bill. you don't know what you want, and until you do, are we as the e.u. going to give you more concessions and give you more time that's the third vote tomorrow, extension to the article 50 that takes the e.u. out of it what are you going to do with it if you're not going to do neglect with it, are we going to

give you an extension? back to you. >> you mentioned theresa may, the prime minister's physical stature. can you tell us what her stature is within the government how she holding up as the prime minister of the u.k. >> i think she's holding up as a prime minister of the u.k. for a couple of reasons. one, nobody really wants to do the job. that sounds extraordinary because it's the most -- i kind of think that at the moment in time who really wants that job to be. the brexiteers, do they want to become the prime minister at this time? we could well potentially happens be facing a general election and whoever becomes prime minister, of course, would then have to try and go through the whole process. jeremy corbin, the leader of the labour party, would he want this as well? it would have a same or similar path as if you were trying to get a brexit deal. it's a horrible job at the

moment one reason why nobody else has challenged her is because nobody else wants it. >> steve sedgewick, an update on brexit right now how will this all impact the market and your money? that scenario, joining us right now patrick armstrong, chief investment armstrong patrick, the sterling front and center a huge focus right now i know that i tried to prothesize where it's going to be that's tough you have to have an idea of what the scenarios are. where is sterling headed given what the outcomes could be?

if there are any rallies the, that doesn't even have a no deal >> so we've been over the past three months generally speaking locked kind of in a range of $1.33 on the up side for sterling about $1.25 on the down side as well do you feel as though we are due to testing the low end of the range as well. >> i don't think we'll cast the lower end of the range unless it becomes something that's an outliar event. right now i still think it's in a 15% chance the longer we go, and the rest

of the event. >> i do think sterling has drifted lower because there's a lot of negative outcome for that to happen. the general election and theresa may resignation leaning towards the cliff edge again, all of these things should push pressure on sterling >> there are a number of folks in the united kingdom both on the lawmakering side and on the economist side of things that have cited the relative performance of the u.k. economy versus the european continental economy. tell us -- take us through how you view that as an investor and is there a way that you can perhaps position yourself to profit with any kind of a scenario involving this kind of a brexit situation maybe resolving or not resolving. >>. >> the scenario does get resolved i still think the most likely scenario is that a deal similar to what may has ended up getting eventually approved. i don't think that's a 50% chance.

>> if i'm assured there's going to be a deal, i would probably still be inclined for a large cap. >> are there places that you like more than others? >> they're incredibly and efficiently run by now they have capx projections, and

we think that's going to be the long-term average looking forward. we think dividends are sustainable. we get 5%, 6% and bp right now trading among six times. those are attractive valuations. it's a way to invest in the u.k. i think -- >> brian sullivan with mike pompeo and energy secretary rick perry. brian joins us now from houston. good morning we just heard patrick armstrong say he loves some of the multi-national oil companies out there. pretty good lead into what's happening right now. >> kind of funny how that works outs thank you very much. they are probably here, but it's not just the sector that's at this conference. it is also the public sector we had a rare and exclusive opportunity last night to

interview two cabinet level secretaries. secretary rick perry, and secretary of state michael po pompeo it's a wide-ranging long interview. we asked michael pompeo about china's growing ambitions in oil and gas in the south china sea and whether or not energy was our greatest labor to effect geopolitical change, particularly with china. >> second, there's nobody who could ino vat more than american businesses we're here where we're talking about the enormous energy all across america we can deliver for south az wra and asia the way we've done for the rest of the world. that will keep china at bay. >> secretary perry, should american companies be afraid to sell the oil and gas to china

right now given china's own ambitions? >> well, obviously we're looking for the market, the global marketplace, the american producer has the ability to get out there and speak with anybody around the world we want to send a message that american energy is available can you get american energy and already strengthen that domestic -- >> are we willing to go? secretary pompeo on the economic side we want tariffs that are even and not barriers to be shut out. we want the rule of law transparency and contracts when we get those things, i'm very confident that american companies will prevail we can always -- >> at the same time this is happening, germany and russia are getting closertogether the second part. very important pipeline of the norstream two is being completed. we will further tie russia and

germany together >> well, it's clear. this is germany again by the russians money while others are defending and we would urge them not to finish the typeline, and we want to have energy diversity. secretary perry has some real thoughts on this as well >> well, here's the real message. american energy doesn't have strings attached, as i said. it's clear that russian gas has strings attached we think it's important for our friends in europe, whether the central europeans or whether it's the western europeans to know that they can get that l & g laid in there from the united states or australia, wherever it might be having diversity of the fuel, diversity of supply, diversity of -- that's the real key here the american l & g has the ability to truly make europe free from that -- >> secretary perry, do we have enough capacity to export

capacity to europe to even mitigate the impact of that russian -- >> absolutely, we can. >> we need to get those out of the senate and work and get those permgts in get that permitting done so that this infrastructure can be built, whether it's out of the permian basin or out of the bachin or the marcella shale america can deliver the energy needs of a lot of our allies >> is secretary pompeo, our greatest -- to affect foreign policy change? >> we have a couple as well. we are almost effectively energy independent. we almost could be if we decided not to

how does that change the way you approach your job and dealing with china, with russia? >>. >> every conversation we've had, vietn vietnam, every one of those conversations is fundamentally different. it takes our products and pipelines to deliver them around the world and save portable energy resources we know we didn't change the behavior >> can't get ahead of myself or the president. >> that's the correct travel we want to deny iran resources and they continue to underwrite hezbollah and put things in --

we want to deny them the resources, whether it's behavior changes. we have to invite them back into the unity of nations china, iran, and russia obviously are hot topics as well, but we could not avoid the question of the growing crisis in venezuela how far are we willing to go in venezuela >> it's not just my belief it's a fact. the cuban regime has hoisted their model of economics on the venezuelan people, and you can see the massive humanitarian catastrophe that is only getting worse. energy systems don't work. electrical grids don't work. it's time for maduro to go we'll do whatever it takes -- the president said every option is on the table to deliver to the venezuelan people the

democracy that they deserve and ultimately we'll build back an economy where they can, again, have the wealth that they have under their own feet and off shore in venezuela so that this could be a once great country again. >> there are ships getting loads from russia potentially. cube perhaps trading oil for dollars for help is military action off the table? >> i think the president has been very clear. we're going to make this -- every option remains available to the united states we'll work with our allies to get the right outcome. look who their friends are the cubans, russians, hezbollah, the iranians in venezuela today. this is a cast of characters this is not what the venezuelan people want and it's not what they deserve, and america is going to help deliver them out of this difficult place.

>> today we don't exactly know where they are it's likely under a million, and it could go down theoretically to zero. they have rolling black-outs workers are leaving the jobs secretary of state pompeo said he believes that nicolas maduro may have no venezuelans around him. he may be now completely surrounded and being advised by cuban nationals whose only job is to try to keep him in power wrush wide-ranging interview on russia, china, iran, nordstream two pipeline, something we don't talk a lot about >> the competitive dynamic in global energy markets has changed markedly over the last quarter century. i'm wondering, did that competitive dynamic and the u.s. ae role there come up in a more substantial way? i ask only because the last time i spoke to energy secretary rick

perry late last year he had talked about the technology race with china he is very conscientious of the competitive dynamic and markets. you have to figure two cabinet level secretaries at an oil and gas conference are very interested in how america plays into that competitive dynamic. >> you got to also ask yourself. why were they together, right? it was great to do this rare and exclusive double interview, but they were together because i think they wanted to show united front. energy, foreign policy coming together in a way. listen, what does chooirn want they probably want, dom, the same thing that we want or many countries want energy independence. they're a long way off that's not going to happen probably not in our lifetime however, because we're at the -- we're making deals to sell tens of millions of dollars of liquified natural gas to them. but if they can lay claim to some of the deep water and shallow water oil and gas that exists in the south china sea in

what are now disputed waters that the u.s. is patrolling, our navy is patrolling, that maybe down the road they can develop those assets for themselves, be less reliant on foreign imports from the united states they want what exactly we began doing about 20 years ago >> all right, brian sullivan thanks for all of that we'll be looking forward to all of your coverage here. good luck out there today. well, still ahead on the show, we are firing up the worldwide exchange time machine. markets just did something they have not done in nearly 30 years. we'll tell you what it is and listen to me micsous factory i wanna keep doing what i love,

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small cap index gain of 29%. then the smh etf this tracks the semiconductor industry it's up more than 18% quarter to date on pace for its best q1 ever for this etf from its inception back in 2000 three key parts of the market here back in 1991. victoria, there's been a lot of hub bub made about whether or not the market is stalling out are the prospects still bright for the overall market >> i think we have a lot of

prospects going forward. i mean, yes, we've had some slowdown, and that's been expected shouldn't be a big surprise just based on what we've been seeing globally especially in europe we have issues with germany and italy. even pmi went negative for the euro zone last month it's sht surprise we've had a slowdown, and i think we have a lot of positive momentum going forward. the labor market is still strong they came out and said, look, we're still having trouble selling spots across all skill levels cpi is contained i think there's some positive momentum, even though we're going to have lull here in the first quarter, probably second quarter. coming back later in the year.

>> we have these levels that we keep hitting, and it's -- we don't have that catalyst to really push us past that we've seen it in the stock market we've seen it in the bond market as well. you've hit that 260 to 275 range on ten-year yields we really need a catalyst to push us forward. i think the u.s.-china trade deal will be something that can do that. headlines are saying that we may have a deal in the next couple of weeks i think people are just taking a step back right now waiting to see what that next push is going to be. >> there's been a debate right now about whether or not the u.s. economy is healthy. the consumer plays a big part in that discussion. we've had conflicting data over the course of the past three months how does the consumer stand, and how do they carry the overall market higher in the united states >> i think the consumer is really the foundation right now of the economy continuing to move forward

yes, december was a poor month in retail sales, but we saw that come back in january, and we have to remember we had the effects of the shutdown in december we had it in january because of the shutdown we've had delayed effects in other stomachs like tax refunds. normal hi we would see that come in in february and see spending pick up. now that may be pushed a little further into march some of the effects have gone away, and we can see we have more positive in the months ahead. >> given that outlook, are there certain parts of this market that stand out as better and more attractive opportunities to you given that kind of strength? >> we haven't been choosing particular sectors what we have been doing is looking at names that have had a pullback based on what we've seen over the last few months and see where we can find some opportunity in names that we think will be good going forward. we had never been in facebook. we added a little bit of facebook to our portfolio earlier in the area. we added vm wear to our portfolio as well.

trying to find opportunities whether it's going to be dividend players on global stage or large cap names here in the u.s. just really quickly, what's the biggest risk of your mind with the market moving forward? >> i think it's just continued uncertainty. whether that's going to be from brexit, whether that's going to be from china trade or from the new budget that's come forward and the debt ceiling ahead of us, uncertainty is going to be the biggest player in the market going forward. >> that's it for worldwide exchange today take a look at what's happening in futures right now we are seeing stability now. the dow jones off by 12 points the s&p up by two points, and the nasdaq up by seven points as well as victoria mentioned, ten-year yields also very much in focus we are hovering right around that 2.61% yield level two years right now, 2.47% as well we'll keep a close eye on those markets in trading today

that's it for worldwide exchange this morning "squawk box" will pick up our coverage coming up keep it right here on cnbc this isn't just any moving day.

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the faa doubling down. the airworthyness of boeing's 737 max 8 aircraft even as more countries are suspending flights u.k. lawmakers rejecting theresa may's divorce deal again. another critical brexit vote again. we'll be live in london. new fall-out this morning from a big college cheating scandal as celebrity and entrepreneur parents are charged with fraud and could face years in prison if convicted one parent -- one of the -- same

bail as r. kelly it's wednesday, march 13th, 2019 "squawk box" begins right now. >> becky quick off today take a look at u.s. equity futures at this hour we'll show you what's going on dow off about three points nasdaq, though, up about nine points the s&p 500 up just about two points.